Life Technologies to Get $450M for Business Stake

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Carlsbad, CA-based Life Technologies (NASDAQ:LIFE) said today that it plans to sell its stake in its mass spectrometry business to Danaher (NYSE:DHR) for $450 million in cash. Danaher, based in Washington, D.C., has also agreed to buy the company with which Life Technologies jointly owns the business, MDS Analytical Technologies, headquartered in Ontario, Canada. Life Technologies, a provider of tools for biological research, expects the transaction to close in the fourth quarter of this year.